PRINCETON, N.J. (AP) — PRINCETON, N.J. (AP) — Clearway Energy, Inc. (CWEN) on Thursday reported a loss of $2 million in its first quarter.
The Princeton, New Jersey-based company said it had a loss of 2 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 27 cents per share.
The company created by NRG Energy to acquire and operate natural gas, solar and wind plants posted revenue of $263 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $270.1 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CWEN at https://www.zacks.com/ap/CWEN
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